GFM Network News

Argentine port town suspending operations amid coronavirus spread

A key port town in northern Rosario, Argentina’s main grains export hub, said March 19 it would suspend port activities as part of efforts to contain the spread of the coronavirus, drawing criticism from grain-exporting firms and processors in the farm-rich country. An order posted on the Timbues government website said “all commercial, industrial and

U.S. sees progress on China trade deal’s ag provisions

China makes first U.S. hard red wheat buy since 2017

Washington | Reuters — The U.S. and China have made progress in implementing the agriculture-related provisions of their Phase One trade deal that took effect on Feb. 14, the U.S. Department of Agriculture (USDA) and U.S. Trade Representative said on Tuesday. In a joint statement, they listed a number of steps taken that should help

U.S.-Canada border to temporarily close to nonessential travel

Washington/Ottawa | Reuters — The U.S.-Canada border will close to nonessential traffic, U.S. President Donald Trump tweeted on Wednesday, saying details on the move would be announced later but that it would not affect trade between the two countries. “We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic.

Grain price slump attracts bargain-hunting by importers

Hamburg | Reuters — The collapse in grain prices caused by concern about the global impact of the COVID-19 coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. “We are

Bayer reported inching toward glyphosate settlement

Reuters — Bayer has agreed on draft settlement terms with half a dozen law firms representing tens of thousands of plaintiffs alleging that its Roundup herbicide causes cancer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the German drugs and pesticides company have come under immense pressure since

Zimbabwe offers land as compensation for 800 seized farms

Harare | Reuters — Zimbabwe’s government will offer land as compensation for nearly 800 farms it seized under its land acquisition policy since 2000, according to regulations published on Thursday. Under former President Robert Mugabe, Zimbabwe took over some 5,000 farms, mostly from white farmers, saying the policy was meant to address colonial imbalances. But

U.S. soybean sales to China fall to lowest in nearly six months

Reuters – U.S. exporters sold just 6,012 tonnes of soybeans to China in the week ended Feb. 27, despite Phase 1 of the U.S.-China trade pact going into effect the prior week, U.S. government data showed March 5. The weekly total was the lowest since the week ended Sept. 5, when China’s net sales came

U.S. says it would ban pig shipments if swine fever detected

Chicago | Reuters — The U.S. Department of Agriculture said Friday it will prohibit shipments of all pigs for at least three days if the nation ever finds a case of a fatal hog disease that has ravaged China’s herd. The federal government is preparing to contain and eradicate African swine fever if it spreads